(MENAFN) India said it will pay USD1.5 billion to Iran for imported oil following the partial easing of sanctions on Tehran as part of the Geneva nuclear deal, according to Iran Daily
India"s Oil Secretary Vivek Rae said: "We are ready to make a payment as soon as banking modalities are worked out.
The sanctions relief for Iran includes access to USD4.2 billion of its oil revenues frozen abroad by eight money-transfer schedules through July
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